Pepsico (PEP) Downgraded to "Hold" at Zacks Investment Research

Marco Green
December 16, 2017

The institutional investor held 77,663 shares of the consumer non-durables company at the end of 2017Q2, valued at $8.97M, down from 112,064 at the end of the previous reported quarter. Louisiana-based Louisiana State Employees Retirement Sys has invested 0.5% in Pepsico, Inc. The stock increased 0.53% or $0.6299 during the last trading session, reaching $118.4299. The stock had a trading volume of 4,057,700 shares, compared to its average volume of 3,660,545. It has underperformed by 4.50% the S&P500. Salient Capital Advisors Llc sold 15,169 shares as the company's stock rose 3.02% with the market. (NYSE:PEP). Cypress Cap Management Ltd Llc invested in 18,218 shares. About 719,527 shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since December 14, 2016 and is uptrending.

Investors sentiment decreased to 0.75 in Q2 2017. Its up 0.19, from 0.75 in 2017Q1. It fall, as 45 investors sold AVT shares while 120 reduced holdings. In the a year ago there have been a total of 72 insider trades, including 44 open market buys and 28 sells. About 2.54 million shares traded.

Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. Willingdon Wealth Management now owns 6,381 shares of the company's stock worth $714,000 after buying an additional 16 shares during the period. Advisor Prtnrs Limited Company holds 0.73% or 27,062 shares. Neville Rodie And Shaw Incorporated holds 0.9% or 68,237 shares in its portfolio. Principal Financial Grp has 10,405 shares for 0% of their portfolio. Evercore Wealth Limited Liability Company holds 5,500 shares or 0% of its portfolio. Fil Ltd reported 1.45M shares. Benjamin F Edwards & Incorporated reported 60 shares. Smith Asset Gp Ltd Partnership accumulated 0.46% or 129,893 shares. Moreover, Congress Asset Management Co Ma has 1.47% invested in Cintas Corporation (NASDAQ:CTAS) for 653,633 shares. First National Co invested in 89,413 shares. (NASDAQ:AGEN). Bruce holds 155,677 shares or 0.14% of its portfolio. Meridian Mngmt, Arkansas-based fund reported 1,833 shares. Western Digital had 148 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has "Outperform" rating by Robert W. Baird given on Friday, August 11. The rating was downgraded by Cross Research on Tuesday, September 20 to "Sell". The company was downgraded on Friday, August 4 by Standpoint Research. Susquehanna upgraded the shares of PEP in report on Wednesday, April 12 to "Positive" rating. On Monday, October 19 the stock rating was maintained by Maxim Group with "Buy". On Friday, November 3 the stock rating was maintained by Robert W. Baird with "Buy". The company was maintained on Wednesday, September 6 by BMO Capital Markets. (NYSE:PEP) earned "Neutral" rating by Citigroup on Tuesday, April 19. As per Monday, August 7, the company rating was maintained by RBC Capital Markets.

Linden Advisors Lp, which manages about $2.03B and $2.37 billion US Long portfolio, decreased its stake in Green Plains Inc 3.25 01Oct18 (Prn) by 5.00 million shares to 1.80 million shares, valued at $2.16M in 2017Q2, according to the filing.

Hilltop Holdings Inc decreased Ishares Tr (IJR) stake by 11,897 shares to 8,703 valued at $610,000 in 2017Q2.

Since August 7, 2017, it had 0 insider purchases, and 2 selling transactions for $7.21 million activity. BidaskClub cut Pepsico from a "buy" rating to a "hold" rating in a research note on Friday, August 25th. Therefore 56% are positive. PepsiCo had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, October 27 by Maxim Group. Credit Suisse initiated the shares of PEP in report on Friday, September 16 with "Outperform" rating. Ameriprise Financial Inc. grew its position in Pepsico by 2.5% in the second quarter. (NYSE:PEP) earned "Equal Weight" rating by Barclays Capital on Monday, January 9. (NYSE:PEP) on Tuesday, October 10. (NYSE:AVT), 0 have Buy rating, 3 Sell and 7 Hold. The firm has "Neutral" rating by Credit Suisse given on Tuesday, March 29. Barnett & Company Inc. now owns 900 shares of the company's stock worth $104,000 after purchasing an additional 657 shares during the period. (NYSE:PEP) rating on Thursday, August 10. Citigroup has "Neutral" rating and $110 target. RBC Capital Markets maintained Pepsico, Inc. The company was maintained on Wednesday, October 7 by Stifel Nicolaus.

Investors sentiment increased to 0.94 in 2017 Q2. Its up 0.19, from 0.75 in 2017Q1. It turned negative, as 44 investors sold PEP shares while 778 reduced holdings.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.43 by $0.05. Reik & Communications Ltd Liability stated it has 0.18% in Pepsico, Inc. (NYSE:PEP). Bank Of Nova Scotia Tru invested 0.1% of its portfolio in Pepsico, Inc. (NYSE:PEP). Eaton Vance Management holds 0.76% or 2.49 million shares in its portfolio. Philadelphia Trust Com reported 0.09% stake. It also upped Hancock John Tax (HTD) stake by 29,149 shares and now owns 30,169 shares. Regions Fincl Corp holds 1.36% of its portfolio in Pepsico, Inc.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Richard C Young & Limited stated it has 9,023 shares or 0.2% of all its holdings. Partners Capital Management Ltd Liability Co invested 0.27% in Pepsico, Inc. (NYSE:PEP) news were published by: Prnewswire.com which released: "PepsiCo Announces Timing and Availability of Fourth Quarter and Full Year 2017 ..." on December 07, 2017, also Reuters.com with their article: "PepsiCo to move to Nasdaq after almost a century with NYSE" published on December 08, 2017, Prnewswire.com published: "PepsiCo, Inc.to Move Stock Exchange Listing to Nasdaq" on December 08, 2017. (NYSE:PEP) for 109,488 shares. Manchester Cap Management Limited Liability Corp has 6,910 shares. Edmp has invested 1.38% in Pepsico, Inc. The insider, LAGUARTA RAMON, now holds 98,280 shares of PEP. State Of Wisconsin Board reported 0% of its portfolio in Agenus Inc.

Analysts await ADMA Biologics, Inc. (NYSE:PEP) to report earnings on February, 21. The stock increased 1.14% or $0.44 during the last trading session, reaching $39.11. PEP's profit will be $1.85B for 22.70 P/E if the $1.30 EPS becomes a reality.

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